Real Estate Market Update - Mudgeeraba, Gold Coast - 07 August 2018

Market conditions for Houses in Mudgeeraba

So far this year there has been a slight decrease in the average price of a house sold in Mudgeeraba, with the price dropping by -0.7% (see the "Sales Statistics" graph below). However, the twelve month moving average is still up 5.2% and we see that the days on market for houses is still relatively low compared to the beginning of 2013 (see below).

Market conditions for Units in Mudgeeraba

After good increases in 2015, 2016 & 2017, Mudgeeraba unit prices have moved into negative territory this year with a decrease of -8.1% for the year so far and a decrease of -5.0% for the 12 month running average.

Mermaid Waters house prices seem to have gone through a year of price consolidation after the tremendous growth last year. Days on market and stock supply would indicate that there is still strength in the market moving forward.

Real estate marketing has changed significantly in recent years, with online advertising becoming the dominating factor. Research shows that 86% of buyers look online for their dream home, however, there are traditional methods that should not be ignored.

The end of the year is fast approaching and this has certainly been an interesting year for the property market. With significant decreases in both Sydney and Melbourne, most people are wondering what will happen in the future and how this will effect the property market on the Gold Coast.

With the chances of termites, or white ants as they are commonly known, attacking your home more likely than fire, flood and natural disaster combined, it's wise to get a regular termite inspection if you own property on the Gold Coast.